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Business Planning Finance
Cognos Finance- A Complete Solution
As the demand for financial performance continues as a critical success factor, greater pressure is placed on financial professionals to assemble and deliver information faster and more efficiently than ever before. Niteo Partners leverages the Cognos Enterprise Planning products to assist these finance professionals to manage the core processes including budgeting, planning, consolidation, forecasting, and reporting- all from an integrated solution.
In the past, many companies used software applications to manage each of these processes, such as the budgeting process. Today, companies are gaining competitive advantage by deploying one solution for all processes. One solution means shared data, common, better security, and increased ease of use. Cognos Finance manages all of your data- history, actuals, budgets, and forecasts- from any source. It lets you map data from multiple sources- General Ledgers, Enterprise Resource Planning (ERP) systems, Human Resource (HR) systems, and more- onto a master set of accounts, resulting in a single financial view of your organization. In addition to profitability, the market value of a company is determined, to a great extent, by the execution of its business model. Businesses must streamline their process of planning and forecasting by developing a flexible and collaborative enterprise methodology.
Cognos Finance Delivers the Following Capabilities:
- Budgeting, planning, consolidations, forecasting, and financial reporting.
- Flexible data interaction-top-down; bottom-up.
- Collaborative workflow management.
- Streamlined monthly, quarterly, and year-end closings.
- Sophisticated financial reports with drill-down functionality.
- An enterprise-wide solution that supports Windows, Web and Excel.
Niteo Partners works with each of our customers to achieve a clear of the organization's Key Performance Indicators (KPIs) and business metrics,as both are essential in modeling its business. Once the models have been built,the computer infrastructure is re-engineered to provide the managers with data that 'actuals' can be evaluated and appropriate plans and forecasts developed.
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